newcastle

Discussion in 'Where to Buy' started by igor1234, 10th May, 2020.

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  1. igor1234

    igor1234 Active Member

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  2. Mark F

    Mark F Well-Known Member

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    Looks like a fairly massive management effort to wrangle 12 bed sits on often short term rental. I would also be interested in what extra requirements are required for boarding houses which may add significantly to the build cost.
     
  3. inertia

    inertia Well-Known Member

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    the price is within expected range for the block... Are you sure you could build 12 apartments with underground parking for ~$700k? Sounds ambitious to me.

    Also, for 12 apartments on 3 levels on a 420m^2 block, they would be pretty small apartments I think... oh wait, "commercial space" at the front too... I cant see how?

    Cheers,
    Inertia.
     
  4. inertia

    inertia Well-Known Member

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    ah, ok, missed the all important boarding house bit.

    A significant amount of effort managing the tenants, and keeping the building up to code I would think.

    not sure if $265 per week is realistic for boarding house accommodation...

    Cheers,
    Inertia.
     
  5. igor1234

    igor1234 Active Member

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    thanks both! i dont have experience with boarding housing indeed...
     
  6. Archaon

    Archaon Well-Known Member

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    No floorplan showing size of rooms, would be very wary.